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Debt consolidation from a secured loan

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  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Savathon wrote: »
    Probably best to sit tight until next year? Not withstanding making overpayments to the Nemo loan where possible? (No penalty for this.)

    if you can make overpayments then that would make sense


    of course you could consider trying for a unsecured loan of say 20k : if you can get this at a lower rate then use the money to reduce the Nemo loan (although the monthly repayments might be high as it probably won't be over such a long period)
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